Which of the following is most likely to be true in the long run for a monopoly firm?
A.
\(P=\mathrm{MR}=\mathrm{MC}=\mathrm{ATC}\)
B.
\(P=\mathrm{MR}=\mathrm{MC}> \mathrm{ATC}\)
C.
\(P> \mathrm{MR}=\mathrm{MC}=\mathrm{ATC}\)
D.
\(P=\mathrm{MR}> \mathrm{MC}=\mathrm{ATC}\)
E.
\(P> \) ATC \(> \mathrm{MR}=\mathrm{MC}\)
Exam No： AP Micro Practice Test 4 Year：2024 Question No：49
Answer:
E
Knowledge points:
3.3 Long-Run Production Costs
3.5 Profit Maximization
4.2 Monopoly
Solution:
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